MIRA INFORM REPORT

 

 

Report Date :           

03.06.2011

 

IDENTIFICATION DETAILS

 

Name :

TIIMARI RETAIL OY

 

 

Formerly Known As :

Tiimari Retail Oyj

 

 

Registered Office :

Tasetie 8, 01510, Vantaa

 

 

Country :

Finland

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

31.12.1975

 

 

Com. Reg. No.:

01495148

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Retail sale of stationary and office supplies

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

(€) 50.000

Status :

Satisfactory

Payment Behaviour :

No Complaints

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Finland

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company summary

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Company Name

Tiimari Retail Oy

Company Number

01495148

 

Trading Name

Tiimari Retail Oy

Trade Registry Number

238787

 

Company Name

Tiimari Retail Oy

Business ID

01495148

 

Previous Name

Tiimari Retail Oyj

 

 

 

Telephone Number

03812911

Registered Address

Tasetie 8, 01510, VANTAA

 

Fax Number

-

Visiting Address

Vanha Porvoontie 229, 01380, VANTAA

 

Home Municipality

Vantaa

Postal Address

-, -, -

 

Incorporation Date

31.12.1975

Branches

165

 

Company Type

Limited company

Website Address

 

 

Primary Sic Code

47621

Accountant

KPMG Oy Ab

Primary Sic Description

Retail sale of stationary and office supplies

Last Accounts Date

31.12.2009

 

 

Share Capital (€)

84.500

Holding Company

 

 

 

Deals in importing

Yes

Foreign Ownership

No

 

 

Deals in exporting

Yes

Currency

EUR

 

 

 

 

Credit Limit

 

Limit (€)

50.000

 

 

Key Financials

 

Year

31.12.2009

%

31.12.2008

%

31.12.2007

%

31.12.2006

Turnover (€)

61.771.000

-6%

65.721.000

 

65.822.000

-6%

69.697.000

Result After Taxes(€)

-5.537.000

-999.9%

-154.000

-167%

229.000

-77%

1.002.000

Total Assets(€)

36.927.050

-23%

47.758.870

5%

45.588.780

7%

42.621.060

Number of Employees

476

 

250-499

 

405

-3%

418

Estimated Shareholders Funds

12.555.197

25%

10.029.363

 

10.029.532

18%

8.524.212

 

Ratios

 

Year

31.12.2009

 

31.12.2008

 

31.12.2007

 

31.12.2006

Solvency Ratio

34% 

 

21% 

 

22% 

 

20% 

 

Moderate Indebtedness

 

Moderate Indebtedness

 

Moderate Indebtedness

 

High Indebtedness

Operating Result Ratio

-1,60

 

2,80

 

14,60

 

4,40

Turnover Employee Ratio

12.977,00

 

175,49

 

16.252,00

 

16.674,00

 

Solvency Ratio Definitions

 

Solvency Ratio is calculated as:

Shareholders Funds
      Total Assets

 

 

Shareholder Information

 

Year

31.12.2009

Total Value of Shares

84.500

Number of Shares

8.450.000

Value of Shares

 

 

 

Registrations in Force

 

 

State

Registration Date

Tax Administration

Registered

15.03.1978

Trade Register

Registered

31.12.1975

Employer Register

Registered

01.01.1976

Prepayment Register

Registered

01.03.1995

Value Added Tax-Liability

VAT-liable for business activity

01.06.1994

 

 

Business History

 

Date

Event

Source Company Name

31.12.2000

Merger

Paperineuvos Oy   merged into   Tiimari Retail Oy

31.12.1999

Merger

Tarja Kyyny Oy   merged into   Tiimari Retail Oy

31.12.1999

Merger

Lady-Pop Oy   merged into   Tiimari Retail Oy

31.12.1999

Merger

J. Mannerkivi Oy   merged into   Tiimari Retail Oy

31.12.1995

Merger

06258387   merged into   Tiimari Retail Oy

Payment Delays

 

Current Directors

 

Name

Krook Hannu Juhani

 

 

Date of Birth

02.06.1965

Appointment Date

03.11.2010

Nationality

FINLAND

Function

Chairman of Board

 

Name

Krook Hannu Juhani

 

 

Date of Birth

02.06.1965

Appointment Date

18.06.2009

Nationality

FINLAND

Function

Managing director

 

Name

Heinonen Veijo Tapio

 

 

Date of Birth

20.01.1961

Appointment Date

03.11.2010

Nationality

FINLAND

Function

Actual Member of Board

 

Name

Järvikare Kai Juhani

 

 

Date of Birth

13.04.1964

Appointment Date

03.11.2010

Nationality

FINLAND

Function

Actual Member of Board

 

 

Other Company Officials

 

Name

Järvikare Kai Juhani

 

 

Date of Birth

13.04.1964

Appointment Date

03.11.2010

Nationality

FINLAND

Function

Procurist

 

Name

Nyman Sixten Ove

 

 

Date of Birth

20.07.1954

Appointment Date

13.10.2006

Nationality

FINLAND

Function

Principal accountant

 

Financial Statement

 

Year

2010

2009



Holding Company

MARITII OY

Companies in Group

18

Ultimate Holding Company

TIIMARI OYJ ABP

Ownership Status

Ultimately Owned

 

 

Subsidiaries

 

Company Name

 

Country

Trade Registry Number

Business ID

Latest Key Financials

Ownership

TIIMARI LATVIA SIA

 

LATVIA

-

-

-

100%

TIIMARI LIETUVA UAB

 

LITHUANIA

-

-

-

100%

TIIMARI NORWAY AS

 

NORWAY

-

-

-

100%

TIIMARI POLSKA SP ZOO

 

POLAND

-

-

-

100%

GALLERIX INTERNATIONAL AB

 

SWEDEN

-

-

-

100%

TIIMARI SWEDEN AB

 

SWEDEN

-

-

-

100%

OOO TIIMARI RUSSIA (PIETARI)

 

RUSSIAN FEDERATION

-

-

-

100%

OOO TIIMARI RUSSIA (MOSKOVA)

 

RUSSIAN FEDERATION

-

-

-

100%

TIIMARI BALTIC AS

 

ESTONIA

-

-

-

100%

 

 

Minority Shares

 

-

 

 

Group Structure

 

Company Name

 

Country

Trade Registry Number

Business ID

Latest Key Financials

Ownership

TIIMARI LATVIA SIA

 

LATVIA

-

-

-

100%

TIIMARI LIETUVA UAB

 

LITHUANIA

-

-

-

100%

TIIMARI NORWAY AS

 

NORWAY

-

-

-

100%

TIIMARI POLSKA SP ZOO

 

POLAND

-

-

-

100%

FRÖKEN VÄS AB

 

SWEDEN

-

-

-

100%

GALLERIX SVERIGE AB

 

SWEDEN

-

-

-

100%

GALLERIX INTERNATIONAL AB

 

SWEDEN

-

-

-

100%

TIIMARI SWEDEN AB

 

SWEDEN

-

-

-

100%

OY GALLERIX FINLAND AB

 

FINLAND

-

21123587

31.12.2009

100%

MARITII OY

 

FINLAND

733514

14786884

31.12.2009

100%

KIINTEISTÖ OY OSUUSKUNNANTIE 30

 

FINLAND

396082

06927763

-

90%

TIIMORE PROMOTION OY

 

FINLAND

368568

06357289

31.12.2009

100%

TUOTESAMPO OY

 

FINLAND

226797

01118262

31.12.2009

100%

TUOTESAMPO OY

 

FINLAND

226797

01118262

31.12.2009

100%

TIIMARI OYJ ABP

 

FINLAND

237330

01062641

31.12.2010

-

OOO TIIMARI RUSSIA (PIETARI)

 

RUSSIAN FEDERATION

-

-

-

100%

OOO TIIMARI RUSSIA (MOSKOVA)

 

RUSSIAN FEDERATION

-

-

-

100%

TIIMARI BALTIC AS

 

ESTONIA

-

-

-

100%

 

 

Bottom of Form

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.94

UK Pound

1

Rs.73.46

Euro

1

Rs.64.58

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.